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 Replies: 82 / Views: 8,535 |
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Pillar of the Community
United States
5841 Posts |
I remember when I bought my 4-coin set back in 2012 (when gold was around $1650/oz.). I didn't mind paying the steep premium since I was convinced that gold was going to keep going up, up, up, which would make the premium irrelevant. And then I watched gold slowly sink back down to under $1100/oz. by the end of 2015. Oops!
Of course, now that set is worth around $5600 and I'm finally feeling vindicated, but in order for me to feel good about buying a set today for $7300 I would have to convince myself that gold will someday go above $4000/oz. It might, but $7300 is a bit too rich for my blood for me to justify buying right now.
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Pillar of the Community
United States
5841 Posts |
All right, just doing a little more investigating here... Looking at recent past sales on ebay (all within the last week or two), it looks like the 2023 American Liberty High Relief Gold Coin and the 2024 Flowing Hair High Relief Gold Coin are still selling for a decent premium above the bullion price. Which isn't all that surprising, since they had such a high premium to begin with that they were close to or above the current bullion price at the time they were minted (the 2023 coin sold for $2,947.00 and the 2024 coin sold for a whopping $3,640.00). Still, it's a bit surprising that they each seem to currently be selling for around $4500, which is a significant premium above the current bullion cost of $3050 per coin. I wonder if this is because they are both still relatively recent issues and, if so, whether the premium will drop significantly in coming years. Contrast this with the 2017 American Liberty 225th Anniversary Gold Coin, which was sold by the mint for $1,640.00 and has been selling recently for only $3000-3200. Almost no premium whatsoever, and in some cases (where there was bidding instead of a buy it now sale) they have been selling for less than the bullion price. I'm guessing people really hate the "radically different" design of Lady Liberty on that coin. |
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Pillar of the Community
United States
3343 Posts |
My advice is to pick up the MS64 1927 Saint for $3150 and get an iconic coin for bullion-ish pricing.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
5841 Posts |
I picked up a 1915 and a 1922 St. Gaudens last year when gold was at $2348/oz. for $2361 and $2401, respectively. At $3150, I am lo longer a buyer.
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Bedrock of the Community
United States
10982 Posts |
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I wonder if this is because they are both still relatively recent issues and, if so, whether the premium will drop significantly in coming years. As a percentage of melt I would expect the premium to come down, assuming gold continues it's upward rise. The actual dollar premium will likely stay high for a year or two. I feel they're overvalued with so many available and the lofty price point. Raw an PR69 certified pieces being over $4,500 seems high but they've held up well for several months. Of course gold has done great during those several months also. |
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Pillar of the Community
United States
5841 Posts |
FYI, the 4-coin proof gold eagle set is now officially for sale at $7,182.50. I guess the price was set just before the recent increase of gold to $30.50/oz. Still quite a lot, though.
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Bedrock of the Community
United States
10982 Posts |
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FYI, the 4-coin proof gold eagle set is now officially for sale at $7,182.50. I guess the price was set just before the recent increase of gold to $30.50/oz. Still quite a lot, though. In 2008 I bought my first 4-coin proof gold eagle set. It was $1600 delivered. I've owned a few of these sets over the years and sold them all. Wish I had kept a couple! They are beautiful sets in very nice presentation holders. |
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Pillar of the Community
United States
5841 Posts |
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They are beautiful sets in very nice presentation holders. Yes, indeed! I have just one set from 2012 and still enjoy looking at it. Despite the fact that it has now doubled in value, I have no plans to sell it. |
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Valued Member
United States
311 Posts |
 Saw a recent article about the amount of gold held in ETF's is still below the levels at past gold peaks even though we are at ATHs. This would suggest either public is not on board or they are liquidating into this rally. I would suggest this rally is not over until ETFs hold record amounts of gold. |
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Moderator
 United States
187862 Posts |
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I would suggest this rally is not over until ETFs hold record amounts of gold.   |
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Valued Member
United States
311 Posts |
Here's another chart. Looks like no retail demand for gold. It is all institutions.  |
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Bedrock of the Community
United States
10982 Posts |
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Here's another chart. Looks like no retail demand for gold. It is all institutions. @glenmorenee: There are thousands of retail buyers still actively buying. I'm one of them and so is my nephew. It's true there are more sellers at retail than buyers right now. Partly because gold is at an all-time high and partly because many people outside the "Top 10%" can really use the cash. I'm still a buyer because I believe gold will be $4,000 within 5 years. There will likely be a correction this year but I doubt we'll ever see $2500 gold again. |
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Valued Member
Canada
128 Posts |
All the major central banks are buying ,that says something. Everyone knows about the gold leaving London for the U.S. but no one seems to know where it is going ------ seems strange to me.
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Moderator
United States
187862 Posts |
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Pillar of the Community
United Kingdom
2133 Posts |
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For me, at least, when the bullion value rises up to equal the numismatic value, the coin is "junk", i.e. junk silver. I disagree. It's not a popular opinion, however, I think that coins which have a numismatic premium over melt, will retain a premium in the long term. That premium will vary, but unless a hoard is discovered or the type goes out of favour, that coin will still be rarer than other dates/mints. If your LCS regards key dates as junk silver, then now is the time to buy, if you can afford to. |
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Posted 03/19/2025 3:04 pm
